This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AmerUs Group's Profit Falls

AmerUs Group (AMH - Get Report), a life insurance and annuity products company, said its third-quarter earnings fell 49.7% from the year-ago period, on the back of charges.

The Des Moines, Iowa-based company earned $5.3 million, or 12 cents a share, in the quarter, compared with $38.6 million, or 91 cents a share, a year ago. Adjusted net operating income was $52.4 million, or $1.22 a share, in the quarter, compared with $48.6 million, or $1.14 a share, a year ago. Adjusted for capital transactions associated with the Aviva merger, the company earned $1.27 a share in the most recent quarter. Analysts were expecting earnings of $1.26 a share.

Third-quarter revenue rose 14.6% from the year-ago period to $496.4 million, as compared to analysts' expectation of $425.7 million.

Sales of fixed-life products increased 13% to $33.5 million, driven by consumer demand. Fixed annuity products sales remained flat at $687 million.

Net investment income was $291 million in the quarter compared with $279 million last year, led by growth in invested assets and higher yields on investments.

The company's shares were trading up 3 cents to $68.51 Wednesday.

This story was created through a joint venture between TheStreet.com and IRIS.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AMH $16.84 0.00%
AAPL $128.70 0.00%
FB $78.81 0.00%
GOOG $540.78 0.00%
TSLA $230.51 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs